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Wednesday, November 23, 2016

Economic Terminology (Full Form)

1. ADB: Asian Development Bank
2. ADR: American Depositary Receipt
3. AIDWA: All India Democratic Woman’s
4. AITUC: All India Trade Union Congress
5. AMFI : Association of Mutual Funds in India
6. APEC: Asia-Pacific Economic Cooperation
7. APL: Above Poverty Line
8. APM: Administered Pricing Mechanism
9. ARC: Asset Reconstruction Company
10. ARDR: Agricultural and Rural Debt Relief

11. ASBA: Application Supported by Block Amount
12. ASEAN: Association of South-East Asian
13. ASEM: Asia-Europe Meeting
14. ASSOCHAM: Associated Chambers of
Commerce and Industry
15. ATM: Automatic Teller Machine
16. BIFR: Board of Industrial and Financial
17. BCBS: Basel committee for Banking
18. BCSBI: Banking Codes and Standards Board of
19. BIS: Bureau of Indian Standards
20. BOLT: BSE On-Line Trading (System)
21. BOT: Build, Operate and Transfer
22. BPL: Below Poverty Line
23. BPO: Business Process Outsourcing
24. BSE: Bombay Stock Exchange
25. CA: Chartered Accountant
26. CABE: Central Advisory Board of Education
27. CACP: Commission of Agriculture Cost and
28. C & AG: Comptroller & Auditor General
29. CAMELS: C – Capital adequacy, A – Asset
quality, M – Management quality, E –
Earnings, L – Liquidity, S – Sensitivity to
Market Risk
30. CAPART: Council for People’s Action and
Advancement of Rural Technology
31. CAR: Capital adequacy ratio
32. CARE: Credit Analysis & Research Ltd.
33. CBS: Core banking solution
34. CCI: Competition Commission of India
35. CCIL: Clearing Corporation of India limited
36. CDSL: Central Securities Depository Limited
37. CECA: Comprehensive Economic Cooperation
38. CEPA: Comprehensive Economic Partnership
39. CIBIL: Credit Information Bureau (India) Ltd
40. CII: Confederation of Indian Industry
41. CIS: Commonwealth of Independent States
42. CHOGM: Commonwealth Heads of Government
43. CITES: Convention on International Trade in
Endangered Species
44. CITU: Centre Of Indian Trade Unions
45. CMP: Common Minimum Programme
46. CPI (UNME): The Consumer Price Index for
Urban Non-Manual Employees.
47. CPI (AL): Consumer Price Index for Agricultural
48. CPI (IW): Consumer Price Index for Industrial
49. CPI (RL): Consumer Price Index for Rural
50. CRAR: Capital to Risk (Weighted) Assets Ratio
51. CRISIL: Credit Rating Information Services of
India Limited
52. CRR: Cash Reserve Ratio
53. CSIR: Council of Scientific and Industrial
54. CST: Central Sales Tax
55. CTT: Commodities Transaction Tax
56. DA: Dearness Allowance; Daily Allowance
57. DMIC: Delhi-Mumbai Industrial Corridor
58. DPEP: District Primary Education Programme
59. ECA: Essential Commodity Act
60. ECB: External Commercial Borrowings
61. ECS: Electronic clearing system
62. EDUSAT: Education Satellite
63. EEE: Exempt Exempt Exempt
64. EET: Exempt Exempt Taxation
65. EFA: Education for All
66. EFT: Electronic fund transfer
67. EEFC Accounts: Exchange Earners Foreign
Currency Account
68. EGoM: Empowered Group of Ministers
69. EMI: Equated Monthly Installment
70. EMS: European Monetary System
71. ERNET: Educational and Research Network
72. ESA: European Space Agency
73. ESCAP: Economic and Social Commission for
Asia and Pacific
74. ESMA: Essential Services Maintenance Act
75. ESOP: Employee Stock Option Programme
76. EU: European Union
77. FAO: Food and Agriculture Organisation
78. FCCB: Foreign Currency Convertible Bond
79. FCNR: Foreign Currency (Non-Resident)
Accounts Scheme
80. EPF: Employees Provident Fund
81. EPFO: Employees Provident Fund Organization
82. FDI: Foreign Direct Investment
83. FEMA: Foreign Exchange Management Act
84. FERA: Foreign Exchange Regulations Act
85. FICCI: Federation of Indian Chambers Of
Commerce and Industry
86. FII: Foreign Institutional Investors
87. FIPB: Foreign Investment Promotion Board (Of
88. FMCG : Fast Moving Consumer Goods
89. FPO: Follow on Public Offer
90. FRBM: Fiscal Responsibility And Budget
91. FSSA: Food Safety And Standards Authority (Of
92. FTA: Free Trade Area
93. GATT: General Agreement On Tariffs And Trade
94. GCC: Gulf Cooperation Council
95. GDP : Gross Domestic Product
96. GDR: Global Depositary Receipt
97. GEF: Global Environment Fund
98. GIC: General Insurance Corporation
99. GNP: Gross National Product
100. GST: Goods and Service Tax
101. HDFC: Housing Development Finance
Corporation Limited
102. HDI: Human Development Index
103. HSBC: Hongkong and Shanghai Banking
Corporation Limited
104. HUDCO: Housing And Urban Development
105. IAAI: International Airport Authority Of India
106. IAAS: Indian Audit and Accounts Service
107. IADF: International Agricultural Development
108. IAEA: International Atomic Energy Agency
109. IAEA: International Atomic Energy Agency
110. IASB: The International Accounting Standards
111. IBRD: International Bank for Reconstruction
And Development
112. ICAI: Institute of Chartered Accountants of
113. ICAR: Indian Council of Agricultural Research
114. ICCW: Indian Council for Child Welfare
115. ICDS: Integrated Child Development Service
116. ICMR: Indian Council of Medical Research
117. ICICI: Industrial Credit and Investment
Corporation of India
118. ICOR: Incremental capital output ratio
119. ICRC: International Committee of Red Cross
120. IDA: International Development Association
121. ICRA: Investment information and Credit
Rating Agency
122. IES: Indian Economic Service
123. IEX: Indian Energy Exchange
124. IFRS: International Financial Reporting
125. IFSC: Indian financial system code
126. IFTU: International Federation of Trade Unions
127. IFWJ: Indian Federation of Working Journalists
128. IIP: The Index of Industrial Production
129. IIPA: Indian Institute of Public Administration
130. IISS: International Institute of Strategic Studies
131. ILO: International Labour Organisation
132. IMF: International Monetary Fund
133. IMO: International Maritime Organisation
134. IDR: Indian Depository Receipts
135. IDBI: Industrial Development Bank of India
136. IMF: International monetary fund
137. IMRB: Indian Market Research Bureau
138. INMARSAT: International Maritime Satellite
139. INTERPOL: International Police Organisation
140. INTUC: Indian National Trade Union Congress
141. IOC: International Olympic Committee
142. IPCC: Intergovernmental Panel on Climate
143. IPEC: International Programme on Elimination
Of Child Labour
144. IPO: Initial public offer
145. IPR: Intellectual Property Right
146. IRDA: Insurance Regulatory and Development
147. IREP: Integrated Rural Energy Planning
148. ISO: International Standardisation Organisation
149. ISS: International Space Station
150. ITDC: Indian Tourism Development Corporation
151. ITO: International Trade Organisation; Income-
Tax Officer
152. ITU: International Tele-Communication Union
153. JNNURM: Jawahar Lal Nehru National Urban
Renewal Mission
154. KPO: Knowledge Process Outsourcing
155. KYC: Know your customer
156. LDC: Least Developed Countries
157. LIBOR: London Inter Bank Offer Rate
158. LIC: Life Insurance Corporation (Of India)
159. LLP: Limited Liability Partnership
160. MAT: Minimum Alternative Tax
161. MAIT: Manufacturers’ Association for
Information Technology
162. MCAP: Market capitalization / Mid cap
163. MDG: Millennium development goals
164. MEP: Minimum Export Price
165. MFA: Multi-Fibre Agreement
166. MFI: Micro finance institution
167. MFIN: Micro finance institution network
168. MFN: Most Favoured Nation
169. MIBOR: Mumbai Interbank offer rate
170. MIN: Mutual fund identification no.
171. MNC: Multi-National Corporation
172. MRTPC: Monopolies and Restrictive Trade
Practices Commission
173. MRTS: Mass Rapid Transit System
174. M SME: Micro Small and Medium Enterprises
175. MSP: Minimum support price
176. MTO: Multilateral Trade Organisation
177. NABARD: National Bank for Agriculture and
Rural Development.
178. NAEP: National Adult Education Programme
179. NAFED : National Agricultural Cooperative
Marketing Federation of India Ltd
180. NAFTA: North America Free Trade Agreement
181. NAM: Non-Aligned Movement
182. NAMA: Non-Agriculture Market Access
183. NASDAQ: National Association of Securities
Dealers Automated Quotation
184. NATO: North Atlantic Treaty Organisation
185. NAV: Net Asset Value
186. NBFC: Non Banking Finance Companies
187. NCAER: National Council Of Applied Economic
188. NCERT: National Council Of Education
Research And Training
189. NCPCR: National Commission for Protection of
Child Rights
190. NDC: National Development Council
191. NEFT: National Electronic Fund Transfer
192. NEGP: National E-Governance Plan
193. NEP: National Education Policy
194. NFO: New Fund Offers
195. NHAI: National Highways Authority of India
196. NHDP: National Highways Development Project
197. NHRC: National Human Rights Commission
198. NIFT: National Institute of Fashion Technology
199. NIO: National Institute of Oceanography
200. NLMA: National Literacy Mission Authority
201. NMDC: National Mineral Development
202. NNP: Net National Production
203. NPA : Non Performing Asset
204. NPR: National Population Register
205. MGNREGA: National Rural Employment
Guarantee Act
206. NSE : National Stock Exchange
207. NSDL: National Securities Depository Limited
208. NSE: National Stock Exchange
209. NSSO: National Sample Survey Organization
210. NTPC: National Thermal Power Corporation
211. ODA: Official Development Assistance
212. OECD: Organisation of Economic Co-Operation
and Development
213. OGL: Open General License
214. OIC: Organisation of Islamic Countries
215. OIL: Oil India Limited
216. OMCS: Oil Marketing Companies
217. ONGC: Oil And Natural Gas Commission
218. OPEC: Organisation Of Petroleum Exporting
219. OSCE: Organisation For Security And
Cooperation In Europe
220. PAC: Public Accounts Committee
221. PAN: Permanent Account Number (Of Income-
222. PATA: Pacific-Asia Travel Association
223. PCI: Per capita income
224. PDS: Public Distribution System
225. PIL: Public Interest Litigation
226. PIO: Persons Of Indian Origin
227. PN: Participatory Note
228. PoP: Point Of Purchase
229. PPF: Public Provident Fund
230. PPP: Public private partnership / Purchasing
power parity
231. PTA: Preferential Trade Area
232. PURA: Providing urban amenities in rural areas
233. QIB: Qualified Institutional Buyer
234. QIP: Qualified Institutional Placement
235. QR: Quantitative Restriction
236. RBI: Reserve Bank Of India
237. RIDF: Rural infrastructure development fund
238. RRB: Regional Rural Bank
239. RRPI: Rural Retail Price Index
240. RTGS: Real Time Gross Settlement System
241. SAARC: South Asian Association for Regional
242. SAFTA: South Asian Free Trade Area
243. SAIL: Steel Authority of India Limited
244. SAPTA: SAARC Preferential Trading Agreement
245. SARFAESI ACT: The Securitisation and
Reconstruction of Financial Assets and
Enforcement of Security Interest Act, 2002
246. SCO: Shanghai Cooperation Organisation
247. SCOPE: Standing Conference On Public
248. SDR: Special Drawing Rights
249. SEBI: Securities And Exchange Board Of India
250. SEZ: Special Economic Zone
251. SIDBI: Small Industries Development Bank of
252. SEWA: Self employed woman’s association
253. SLR: Statutory Liquidity Ratio
254. STT: Securities Transaction Tax
255. SWIFT: Society for Worldwide Financial
256. TDS: Tax Deduction at Source
257. TIFR: Tata Institute Of Fundamental Research
258. TIN: Tax Information Network
259. TINXSYS: Tax Information Exchange System
260. TISCO: Tata Iron and Steel Company
261. TPDS: Targeted Public Distribution System
262. TRAI: Telecom Regulatory Authority Of India
263. TRIMS: Trade Related Investment Measures
264. TRIPS: Trade Related Intellectual Property
265. TRYSEM: Training Of Rural Youth For Self
266. UN: United Nations
267. UNCTAD: United Nations Conference On Trade
And Development
268. UNDP: United Nations Development
269. UNEF: United Nations Emergency Force
270. UNEP: United Nations Environment Programme
271. UNESCO: United Nations Educational, Scientific
And Cultural Organisation
272. UNFCCC: United nation framework convention
on climate change
273. UNFPO: United Nations Fund For Population
274. UNHCR: United Nations High Commissioner
For Refugees
275. UNHRC: United Nations Human Rights
276. UNICEF: United Nations International
Children’s (Emergency) Fund
277. UNIDO: United Nations Industrial Development
278. UNRRA: United Nations Relief And
Rehabilitation Administration
279. VAT: Value-Added Tax
280. VDIS: Voluntary Disclosure Of Income Scheme
281. VRS: Voluntary Retirement Scheme
282. WEF: World Economic Forum
283. WFP: World Food Programme
284. WHO: World Health Organization
285. WIPO: World Intellectual Property Organisation
WTO: World Trade Organisation (Previously
Called GATT)

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